Statute Browser

Back to New Jersey Statutes

Section: Purposes of corporate central credit union; application of Credit Union Act of 1984

Statute: 17:13-73.1

The corporate central credit union shall subject to all parts of "The Credit Union Act of 1984," P.L.1984, c. 171, sections 2 to 46 (C. 17:30-80 to C. 17:13-124) not inconsistent with these amendatory and supplementary sections. A corporate central credit union shall be a nonprofit association, the purpose of which is: a. To assist in the management of the liquidity of its member credit unions through interlending and investment and related services; b. To act as an intermediary for the movement of credit union funds between member credit unions and other corporate credit unions; c. To obtain funds from other credit union organizations, financial intermediaries, and other sources; d. To foster and promote, in cooperation with other state, regional, and national central credit unions and credit union organizations or associations, the economic security, growth and development of member credit unions; and e. To perform any other financial services or benefit to its members which are authorized by the commissioner. L.1984, c. 171, s. 50, eff. Oct. 31, 1984.

We hope you find our tools helpful, please visit for further information on our other free legal tools and products including LPO compliant legal case management software.